RTHAX Alternatives & Similar Mutual Funds

Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) belongs to the High Yield Muni category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RTHAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to RTHAX

RTHAX charges 0.89% annually. There are 41 mutual funds in the High Yield Muni category with lower expense ratios, going as low as 0.09%.

Symbol	Name	Expense Ratio	AUM	Inception
VWALX	Vanguard High-Yield Tax-Exempt Fund Admiral Shares	0.09%	17.80B	Nov 2001	RTHAX vs VWALX
BATEX	BlackRock Allocation Target Shares Series E Portfo...	0.11%	—	Aug 2014	RTHAX vs BATEX
VWAHX	Vanguard High-Yield Tax-Exempt Fund Investor Share...	0.17%	17.80B	Dec 1978	RTHAX vs VWAHX
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	0.18%	—	May 2007	RTHAX vs EWHYX
HIMFX	American High-Income Municipal Bond Fund Class F-3	0.31%	—	Jan 2017	RTHAX vs HIMFX

Best Risk-Adjusted Alternatives to RTHAX

RTHAX has a PortfoliosLab risk / return rank of 77. There are 18 mutual funds in the High Yield Muni category with higher risk-adjusted ranks, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
PRFHX	T. Rowe Price Tax Free High Yield Fund	93	—	Feb 1985	RTHAX vs PRFHX
FHTFX	Federated Hermes Municipal High Yield Advtg Fd	93	—	Apr 1987	RTHAX vs FHTFX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	88	—	Jan 2013	RTHAX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	87	—	Sep 2015	RTHAX vs ISHYX
SRHMX	Columbia High Yield Municipal Fund	87	—	Mar 1984	RTHAX vs SRHMX

Top Performing RTHAX Alternatives (YTD)

RTHAX is at 1.73% YTD. There are 13 mutual funds in the High Yield Muni category with higher YTD returns, going as high as 4.20%.

Symbol	Name	YTD Return	AUM	Inception
NMZ	Nuveen Municipal High Income Opportunity Fund	4.20%	—	Nov 2003	RTHAX vs NMZ
EWHYX	Eaton Vance High Yield Municipal Income Fund Class...	2.27%	—	May 2007	RTHAX vs EWHYX
NHMFX	Nuveen High Yield Municipal Bond Fund Class R6	2.16%	—	Jun 2016	RTHAX vs NHMFX
SRHMX	Columbia High Yield Municipal Fund	2.11%	—	Mar 1984	RTHAX vs SRHMX
NHMRX	Nuveen High Yield Municipal Bond Fund	2.06%	—	Jun 1999	RTHAX vs NHMRX

Lowest Volatility Alternatives to RTHAX

RTHAX has 2.81% 1-year volatility. There are 8 mutual funds in the High Yield Muni category with lower 1-year volatility, going as low as 2.06%.

Symbol	Name	Volatility 1Y	AUM	Inception
SDHIX	Lord Abbett Short Duration High Income Municipal B...	2.06%	—	Jun 2015	RTHAX vs SDHIX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	2.11%	—	Jan 2013	RTHAX vs NVHIX
RWMIX	Redwood Managed Municipal Income Fund	2.28%	—	Mar 2017	RTHAX vs RWMIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	2.29%	—	Sep 2015	RTHAX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	2.54%	—	May 2013	RTHAX vs AHYMX

Lowest Drawdown Alternatives to RTHAX

RTHAX has a 1-year max drawdown of -2.74%. There are 12 mutual funds in the High Yield Muni category with shallower 1-year drawdowns, going as shallow as -1.71%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
FDUAX	First Eagle Short Duration High Yield Municipal Fu...	-1.71%	—	Feb 2024	RTHAX vs FDUAX
NVHIX	Nuveen Short Duration High Yield Municipal Bond Fu...	-1.79%	—	Jan 2013	RTHAX vs NVHIX
ISHYX	Invesco Short Duration High Yield Municipal Fund	-1.89%	—	Sep 2015	RTHAX vs ISHYX
AHYMX	abrdn Short Duration High Yield Municipal Fund	-1.98%	—	May 2013	RTHAX vs AHYMX
SDHIX	Lord Abbett Short Duration High Income Municipal B...	-2.08%	—	Jun 2015	RTHAX vs SDHIX

Other Mutual Funds from Russell

The 10 most viewed Russell mutual funds shown here include REBYX, RLVSX, RGIYX and span 10 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
REBYX	Russell Investments U.S. Small Cap Equity Fund	Small Cap Blend Equities	89	22.54%	—	Mar 2000	RTHAX vs REBYX
RLVSX	Russell Investments Tax-Exempt Bond Fund	Municipal Bonds	70	0.65%	—	Sep 1985	RTHAX vs RLVSX
RGIYX	Russell Investments Global Infrastructure Fund	Infrastructure Equities, Energy Equities	50	10.16%	—	Sep 2010	RTHAX vs RGIYX
RGEAX	Russell Investments Global Equity Fund	Global Equities	75	12.00%	—	Feb 2007	RTHAX vs RGEAX
RINYX	Russell Investments International Developed Market...	Foreign Large Cap Equities	59	11.41%	—	Mar 2000	RTHAX vs RINYX
RSEAX	Russell Investments U.S. Strategic Equity Fund	Large Cap Blend Equities	56	11.14%	—	Aug 2012	RTHAX vs RSEAX
RFAYX	Russell Investments Investment Grade Bond Fund	Intermediate Core Bond, Investment Grade Bonds	13	-0.39%	—	Mar 2000	RTHAX vs RFAYX
RTDYX	Russell Investments Multifactor U.S. Equity Fund	Large Cap Blend Equities	78	13.03%	—	Jul 2014	RTHAX vs RTDYX
RMYYX	Russell Investments Multi-Strategy Income Fund	Diversified Portfolio	77	6.15%	—	Apr 2015	RTHAX vs RMYYX
RALVX	Russell Investments LifePoints Growth Strategy Fun...	Diversified Portfolio	74	10.39%	—	Mar 1998	RTHAX vs RALVX

Often Compared With RTHAX

Investors most often compare RTHAX with AMHIX, AHMFX, PRHAX. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
AMHIX	American High-Income Municipal Bond Fund	High Yield Muni	75	1.15%	—	Sep 1994	RTHAX vs AMHIX
AHMFX	American High-Income Municipal Bond Fund Class F-2	High Yield Muni	76	1.26%	—	Aug 2008	RTHAX vs AHMFX
PRHAX	PGIM Muni High Income Fund	High Yield Muni	68	1.41%	—	Jan 1990	RTHAX vs PRHAX
FQTHX	Franklin Templeton SMACS: Series H	High Yield Muni	79	1.65%	—	Jun 2019	RTHAX vs FQTHX
SHYTX	DWS Strategic High Yield Tax	High Yield Muni	71	1.21%	—	Jan 1987	RTHAX vs SHYTX
REAYX	Russell Investments Equity Income Fund	Dividend, Large Cap Value Equities	95	18.97%	—	Mar 2000	RTHAX vs REAYX
CXHYX	Delaware National High-Yield Municipal Bond Fund	High Yield Muni	42	0.64%	—	Sep 1986	RTHAX vs CXHYX
DHMBX	BNY Mellon High Yield Municipal Bond Fund	High Yield Muni	77	1.76%	—	Sep 2005	RTHAX vs DHMBX
TMNIX	Counterpoint Tactical Municipal Fund	High Yield Muni	65	0.40%	—	Jun 2018	RTHAX vs TMNIX
RELVX	Russell Investments LifePoints Equity Growth Strat...	Diversified Portfolio	76	11.62%	—	Mar 1998	RTHAX vs RELVX
GWMEX	AMG GW&K Municipal Enhanced Yield Fund	High Yield Muni	61	0.65%	—	Dec 2005	RTHAX vs GWMEX
PHMIX	PIMCO High Yield Municipal Bond Fund	High Yield Muni	68	1.35%	—	Jul 2006	RTHAX vs PHMIX
ABTYX	AB High Income Municipal Portfolio	High Yield Muni	55	0.53%	—	Jan 2010	RTHAX vs ABTYX
MMHYX	MFS Municipal High Income Fund	High Yield Muni	78	1.51%	—	Feb 1984	RTHAX vs MMHYX
NHMAX	Nuveen High Yield Municipal Bond Fund Class A	High Yield Muni	79	2.01%	—	Jun 1999	RTHAX vs NHMAX
STMYX	Ocean Park Tactical Municipal Fund	High Yield Muni	63	0.84%	—	Dec 2018	RTHAX vs STMYX
ETHYX	Eaton Vance High Yield Municipal Income Fund	High Yield Muni	81	1.91%	—	Aug 1995	RTHAX vs ETHYX
THYIX	Transamerica High Yield Muni	High Yield Muni	74	1.28%	—	Jul 2013	RTHAX vs THYIX
NMHIX	Neuberger Berman Municipal High Income Fund	High Yield Muni	—	—	—	Jun 2015	RTHAX vs NMHIX
NSIOX	Nuveen Strategic Municipal Opportunities Fund	High Yield Muni	61	0.70%	—	Dec 2014	RTHAX vs NSIOX

Compare RTHAX with Any Fund or Stock

Compare RTHAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair RTHAX with funds that move differently

Russell Investments Tax-Exempt High Yield Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RTHAX.

Explore RTHAX Diversifiers

Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX) Alternatives